other material
confidence high
sentiment neutral
materiality 0.70
Alussa Energy II prices $250M IPO; units begin trading Nov 13
Alussa Energy Acquisition Corp. II
- Priced 25,000,000 units at $10.00/unit, raising $250 million gross; over-allotment option for up to 3,750,000 additional units.
- Units (ALUB U) begin Nov 13 on NYSE; each unit consists of 1 Class A ordinary share + 1/3 redeemable warrant.
- Warrants exercisable at $11.50/share; Class A shares (ALUB) and warrants (ALUB WS) expected to trade separately.
- SPAC intends to target businesses in energy and power infrastructure sectors for an initial business combination.
- Santander US Capital Markets LLC is sole book-running manager; 45-day over-allotment option granted.